Section Jus 1405.04 - Personal Background Statements, Form CPLC170(a) Each principal shall complete the "Principal's Background Statement" Form CPLC170 (August, 2019) except that, any institutional lender which holds title to a condominium or any unit therein by foreclosure or pursuant to foreclosure deed or deed in lieu thereof shall provide such information only for those employees, officers, or directors who are directly responsible for and who exercise actual authority over the development and/or marketing of interest within such condominium, whether or not such persons are principals of the institutional lender as defined by Jus 1401.05 and Jus 1401.07.(b) An applicant shall attach the following documentary evidence or additional details as separate additional sheets to Form CPLC170:(1) Copy of any written agreement to acquire additional interests in the subdivision, or the full particulars of any such agreement; (2) Full particulars of any suspension or revocation of the principal's real estate license; (3) Full particulars of any investigation of the principal by any real estate licensing authority;(4) Full particulars of any bankruptcy, foreclosure, or receivership of any business organization that the principal served as an officer, director, or other principal within the preceding 7 years;(5) Full particulars of any bankruptcy, foreclosure, or receivership of the principal, individually, in the preceding 7 years; (6) Full particulars of any felony conviction which has not been annulled by a court in any state or foreign country; (7) Full particulars of any injunctive or administrative order which restrained the principal or any business in which the principal was a principal from using a false or misleading promotional plan involving land disposition, unfair or deceptive trade practices under 15 USC 45(a)(1) or an equivalent state statute, securities laws, or the commodities futures industry; and,(8) Full particulars of any pending litigation involving condominiums or land dispositions, or any felony, in any state or country in which the principal is a defendant.(c) An applicant filing a background statement under this section shall complete a notarized affidavit affirming that all of the information contained in the background statement is true, correct, and complete..N.H. Admin. Code § Jus 1405.04
(See Revision Note at chapter heading for Jus 1400) #9783-B, eff 9-11-10
Amended by Volume XXXIX Number 46, Filed November 14, 2019, Proposed by # 12910, Effective 10/24/2019, Expires 10/24/2029.